RBNZ review of credit rating exemptions for NBDTs highlights the attraction of the cheaper P2P business model

By Gareth Vaughan

The Reserve Bank is reviewing its credit rating exemption threshold for finance companies, building societies and credit unions that borrow money from the public. Inadvertently the review puts the spotlight on the greater costs these business face in comparison with the newly emerging, internet-centric and cheaper business model of peer-to-peer (P2P) lending.

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